Sphere Entertainment Co. bonds SPHR
Who owns Sphere Entertainment Co.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. SPHR stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 55826TAB8 convertible | 3.5% fixed | 2028-12-01 | USD | — | — | — | 6 | $65.4M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 1 | $65.4M | — | — | — | 6 |
| Jun 2026 | 1 | $995K | — | — | — | 6 |
| May 2026 | 1 | $6.1M | 393.76 | — | — | 4 |
| Apr 2026 | 1 | $72.1M | — | — | — | 8 |
| Mar 2026 | 1 | $11.8M | 336.08 | — | — | 4 |
| Feb 2026 | 1 | $5.3M | 339.65 | — | — | 2 |
| Jan 2026 | 1 | $41.1M | 276.26 | — | — | 4 |
| Dec 2025 | 1 | $9.3M | 273.96 | — | — | 3 |
| Nov 2025 | 1 | $3.8M | 247.50 | — | — | 2 |
| Oct 2025 | 1 | $22.1M | 206.02 | — | — | 4 |
| Sep 2025 | 1 | $6.8M | 189.09 | — | — | 3 |
| Aug 2025 | 1 | $2.3M | 148.10 | — | — | 3 |
| Jul 2025 | 1 | $20.0M | 143.38 | — | — | 5 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 3 added, 1 cut, 6 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $10.4M | $42.4M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $5.5M | $22.2M | $1.3M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $1.1M | $4.2M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $426K | $1.7M | -$50K |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $100K | $491K | $0 |
| Harbor Ares Systematic Convertible Securities Fund HARBOR FUNDS | 2026-07-31 | $100K | $407K | $0 |
| Calamos Convertible Equity Alternative ETF Calamos ETF Trust | 2026-07-31 | $55K | $224K | $14K |
| Virtus Newfleet Multi-Sector Intermediate Bond Fund Virtus Opportunities Trust | 2026-06-30 | $36K | $176K | new |
| PACE Alternative Strategies Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $37K | $149K | $0 |
| Empower Multi-Sector Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $28K | $137K | new |
| Franklin Alternative Strategies Fund Franklin Alternative Strategies Funds | 2026-05-29 | $34K | $134K | new |
| Virtus Global Allocation Fund Virtus Strategy Trust | 2026-06-30 | $20K | $98K | $0 |
| Lazard US Convertibles Portfolio LAZARD FUNDS INC | 2026-06-30 | $16K | $78K | new |
| Virtus Newfleet Multi-Sector Bond ETF ETFis Series Trust I | 2026-07-31 | $17K | $69K | $1K |
| Virtus Global Multi-Sector Income Fund | 2026-05-29 | $5K | $20K | new |
| Virtus Newfleet Multi-Sector Intermediate Bond Series Virtus Variable Insurance Trust | 2026-06-30 | $3K | $15K | new |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $0 | $0 | -$2.9M |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $0 | $0 | -$2.9M |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $0 | $0 | -$528K |
| Morningstar Alternatives Fund Morningstar Funds Trust | 2026-07-31 | $0 | $0 | -$159K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($2.9M), American Beacon SSI Alternative Income Fund ($2.9M), Strategic Alternatives Fund ($528K), Morningstar Alternatives Fund ($159K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.50: safer than 43% of companies (44th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.69B |
| Debt barrier (short-term + ½ long-term debt) | $463.9M |
| Equity volatility (1 year) | 52.8% |
| Asset value / asset volatility (solved) | $4.13B / 47.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 1.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SPHR's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 39 | $209.5M | 0 | — | 1 | $22K | 0 |
| 2026-06-30 | 409 | $6.26B | 12 | $88.4M | 12 | $155.7M | 23 |
| 2026-03-31 | 365 | $3.61B | 15 | $95.0M | 10 | $98.5M | 19 |
| 2025-12-31 | 311 | $3.13B | 15 | $85.0M | 18 | $194.6M | 18 |
| 2025-09-30 | 252 | $2.06B | 17 | $87.0M | 22 | $119.4M | 20 |
| 2025-06-30 | 217 | $1.48B | 14 | $55.3M | 17 | $67.1M | 16 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.